(Refiled to correct typographical error in spelling of 'seeks'
FRANKFURT Feb 22 Germany's second biggest
lender Commerzbank said it aims to avoid compulsory
redundancies as much as possible in its revamp that will see up
to 6,000 jobs go by 2016.
Commerzbank also said on Friday it will not have compulsory
redundancies until the end of 2014 - one year longer that it had
initially promised - if the lender succeeds in cutting 600
domestic jobs by the end 2013.
In its in retail banking unit, Commerzbank wants to cut
1,800 positions by the end of 2015 and management plans to talk
to labour representatives at the end of 2014 about further cuts.
Commerzbank announced the job cuts last month, part of its
efforts to reduce costs and revive its struggling retail
(Reporting by Arno Schuetze)